Lease purchase

or they walk away. Or maybe lease a different truck.

It would be hard for me to believe someone stays with a company for 7 years while continually taking a loss. But I digress...........

 

Isn't one of the biggest objectives in a purchase such as lease purchase is owning the truck.If you make payments on a truck while leased to a carrier that your not ending up making more money then a company driver.Once you've added bennies , holiday pay, vaction, pay.401k ,retirement pensions.To never own the truck keep making payment not have any leverage to move the truck for better opportunity.Walk away who gains from you making payments on a truck for 2 or 3 years. You can't sell it and get some of your money back can you.so go ahead walk.I don't think Scheinder would even say thanks for paying half our truck off.

 

If it's a lease/purchase, owning the truck might be an objective. Then L/P is not a good way to go, because it's a more expensive way to meet your objective.. But many are set up as just a lease. If it's just a lease, then yes, you walk away. Or lease another one. Money spent, a handful of receipts to show for it. But you, for the most part, get a choice of loads, where to run, when to run, etc. That may be of some importance to some drivers

It's like renting an apartment or house VS buying. 95% of the time, it's better to buy. But if you're military, and may be moving in a year, or just getting on your feet, then renting is probably a better way to go.

 

Ok this we can agree on. A short term straight lease, under the right circumstances could give a guy a chance to learn a few things such as good freight lanes. But those circumstances are almost non existent with the big box carriers. Obviously i don't know the ends and outs of EVERY carriers lease or lease purchase, just the ones i have read about here on ttr. And as of yet, i haven't seen one that i would think benefits a guy over a good job.

 

So you say many are set up for a lease only. Don't know where you got that information from.But if going out spending highest amount on a truck payment ,then to work it for the company's that are pulling freight that pay on the lowest amount because of the freight they deal with.Makes since now.Its like Mr.Barnum said theirs a sucker born every minute.Or Mr. White said you can't fix well you know.People who justify the company's that take advantage of working people out of the company's greed.Do not help the drivers .But they are usually the first to complain about the industry's low wages.

 

Never said that a lease, or a lease/purchase was a GOOD deal 100% of the time. It's not. Most are set up to benefit one party, the company.
But you seem to have the notion that everyone who leases, or does the lease/purchase is loosing their arse. That every lease deal is bad. And that just ain't so.

 

Well solve the mystery tell everyone the good lease deals.Seems like a generic term people like to say on here . Which ones are good.

 

I pointed one out already at Malone. Pointed out some of the Schneider choice people.You basically said they were lying. So no one is going to change your mind.

Carry on!

 

Well we can respectfully disagree with each other.But as far as calling playeramw a liar.he and I were having conversation .And yes I said he was stretching # s.But as far as Schneider and crst being good programs.the only way I know to make my point is.Yellow freight a good job , but I've known a couple people who quit but most stayed.Lease deals are not good because most quit very few stay.

 

Well, with all the cuts and all the givebacks, Yellow Freight isn't the job it used to be. And it's tough to compare a Teamster benefitted company with a L/P company. Most companies offering a lease, or lease/purchase are OTR companies, where the pay and bennies are way different. It's like wondering why your Chevrolet doesn't compare to a Cadillac, even though they are both from GM.
And you have to look at why people quit L/P's. Many times, it's a bad deal from the start. But then, a LOT of people go in blindly, signing this and that, without reading it, or understanding what they are signing. They think it's a higher paying driving job, not the business that it is. They have NO money saved, bad credit, and a lot of bills BEFORE they start. And blame the company for all their troubles.